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20121129
20121207
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KNTV (NBC) 2
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NBC
Nov 29, 2012 4:30am PST
investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those positive comments. meantime small businesses hit it big on cyber monday. digital research firm big commerce says a surge in orders drove overall revenue for small chains and mom and pop stores up 25% over last year's cyber monday. the average order price was 8% higher. online shoppers bought so much stuff, local retailers were averaging about two orders per second. that's four times the normal daily rate. >>> you know, it seems as though every single day during the holiday season has its own title. small business saturday, cyber monday, now it's cyber week. i'm wondering if every day between now and chris
NBC
Nov 29, 2012 7:00am PST
. >> reporter: meanwhile with the so-called fiscal cliff looming, president obama sends his chief negotiator, tim geithner, to capitol hill today for individual meetings with each member of the congressional leadership, including speaker boehner. wednesday, mr. obama brought back a campaign atmosphere, surrounding himself with what he called average middle class families to ramp-up pressure on republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> reporter: the president wants congress to extend the bush tax rates for those making less than $250,000, but let taxes go up for everyone else. he's taking that message on the road friday to pennsylvania. not to be outdone on the pr front, house republicans hosted a group of nervous business leaders who have signed on to a campaign called "fix the debt" who want spending cuts to supplement the tax hikes. >> we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. >> reporter: and as the president gets set to change up
Search Results 0 to 1 of about 2